Martin Luther King, Jr. Day (NAR Infographic)

Source: nar.realtor

Martin Luther King, Jr. Day is celebrated on the 3rd Monday of January each year and marks the birthday of Rev. Dr. Martin Luther King, Jr. This holiday is also recognized as a day of service, and is an opportunity to serve your community. Using information from the 2017 Member Profile, this infographic takes a look at how REALTORS® are volunteering in their communities:

  • Seventy percent of all REALTORS® volunteer in their community, and the typical REALTOR® who volunteers is 53 years old.
  • Sixty-one percent of REALTORS® aged 50 and older volunteer in their community.
  • Sixty-five percent of the REALTORS® volunteering are women, and 35 percent are men.
  • Fifteen percent of volunteers were fluent in a language other than English.
  • REALTORS® who volunteered typically had previous careers in management, business, or financial field were more likely than any other previous career to volunteer (18 percent), and sales or retail (14 percent).
  • Among firms, there is encouragement for REALTORS® to volunteer. Eighty percent encourage volunteering in the local community, 43 percent encourage volunteering with their local association, 24 percent encourage volunteering with their state association of REALTORS®, and 18 percent with the National Association of REALTORS®.

Real Estate Infographic

For more information, read the Economists’ Outlook blog post “Martin Luther King, Jr. Day 2018.

Find more information on Martin Luther King, Jr. Day and opportunities to volunteer in your area: nationalservice.gov/mlkday (link is external)

For more highlights on REALTORS®, view the 2017 Member Profile and 2017 Firm Profile.

Follow the Money – How Recent Buyers Purchased Their Home (NAR Infographic)

Here is a look at how recent buyers purchased their home:

Median purchase price – $235,000
Obtained a mortgage – 88%
Down payment amount – 10 percent
Down payment sources – savings (59 percent); sales proceeds from previous home (38 percent)
Received down payment help from family/friends – 16 percent
Obtaining a mortgage was not difficult/easier than expected – 66 percent

For more Information read the 2017 Profile of Home Buyers and Sellers.

Real Estate Infographic

Which Online Platforms Should be Killed Off?

Source: Statista

At one point or another, something on social media can just drive you over the edge. Whether its a nasty message from some creep on Tinder or a questionable tweet from the president, many people have thought about just closing their account and quitting altogether. According to Harris Poll data published by recode, some Americans wish certain online platforms would just go away for good.

2,000 Americans were polled on feelings about a selection of different online platforms and the research uncovered a high level of negativity. Take Twitter for example. 46 percent of respondents said they want to “kill it and let it die” while 43 percent want to “fuel it to keep it alive”. Even though 42 percent were not aware of dating app Tinder, 43 percent who are aware of it want it killed while 15 perent want to keep it alive.

Facebook has over two billion monthly active users and in the U.S. at least, 32 percent want to kill it while 64 percent want it kept alive. Other applications are far less popular and workplace chat program Slack is an interesting example. Only 28 percent of Americans are familiar with it and out of that, 29 percent want it axed while only 8 percent want it kept alive.

Infographic

Landline Phones Are a Dying Breed

Source: Statista

As smartphones have become a constant companion for most people in the United States, landline phones are rapidly losing their relevance. In 2004, more than 90 percent of households in the U.S. had an operational landline phone – now it’s (significantly) less than 50 percent. That’s according to data provided by the Centers of Disease Control and Prevention, which has been tracking phone ownership in the U.S. as a by-product of its biannual National Health Interview Survey since 2004.

If the trend continues at the current pace, and there’s little reason to believe it won’t, landline phones could soon become an endangered species, much like the VCR and other technological relics before it.

Telephone Infographic

NAR Infographic: How Recent Buyers Purchased Their Home

Washington, DC – Jan. 8, 2018 (PRNewswire) A strengthening U.S. economy, rising home values and the ongoing stretch of remarkable job creation sparked both growing demand and ability to purchase a home over the past year.

NAR Logo

While supply and affordability constraints are indeed making homebuying a challenging endeavor for many households, data from the National Association of Realtors®’ 2017 Profile of Home Buyers and Sellers reveals some hopeful news: an overwhelming majority of successful buyers obtained a mortgage and made a down payment of less than 20 percent.

Here is a look at how recent buyers purchased their home:

  • Median purchase price – $235,000
  • Obtained a mortgage – 88%
  • Down payment amount – 10 percent
  • Down payment sources – savings (59 percent); sales proceeds from previous home (38 percent)
  • Received down payment help from family/friends – 16 percent
  • Obtaining a mortgage was not difficult/easier than expected – 66 percent

Real Estate Infographic

The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.